Payments roundup: Mastercard, Visa deploy AI to fight fraud
Payments behemoths continued investing in technology to control costs and streamline operations in the second quarter. Visa and Mastercard are deploying AI for the following: To fight fraud; Enhance...
View ArticleMastercard Open Banking’s Katharina Luschnik to speak at Bank Automation...
Katharina Luschnik, vice president for product sales and open banking at Mastercard, will speak at Bank Automation Summit Europe 2024 about how to approach data quality. The summit takes place Oct....
View ArticleTransactions: U.S. Bank joins forces with Billtrust for B2B payments
U.S. Bank is working with payments service provider Billtrust to provide business customers with an accounts receivable solution. The platform, called Advance Receivables, will help automate invoicing...
View ArticleMarqeta’s total processing volume up 32% YoY to $71B
Payments fintech Marqeta saw growth in its total processing volume during the second quarter as consumer demand for non-traditional banking and digital banking channels increased. According to...
View ArticleTD Bank sees future opportunity for Tap to Pay
TD Bank largely innovates based on customer feedback and lately it has discovered an opportunity for larger companies to use its Tap to Pay for iPhone offering. “There’s so much opportunity from a...
View ArticleTreasury to replace checks with FedNow payments
The U.S. Federal Reserve’s FedNow platform has exceeded expectations in its first year, expanding its reach to 10% of financial institutions, so far. FedNow is expanding its reach to financial...
View ArticlePodcast: Boosting insight-driven digital engagement at FIs
The banking relationship has expanded outside of the walls of a branch and now the user experience is often formed through digital channels, including mobile apps. Reward and loyalty solutions...
View ArticleBNY developing a cross-border instant payments solution
NEW YORK — BNY is developing a cross-border instant payments solution to keep up with demand for real-time payments. There are 90 real-time payments networks across the globe, Carl Slabicki, co-head...
View ArticleBarclays, Amazon team up on credit card
London-based Barclays bank and Amazon have come together to launch a co-branded card in the United Kingdom: Amazon Barclaycard. “We’ve launched this card for anyone who loves to shop at Amazon and...
View ArticleBarclays payments leader to speak at Bank Automation Summit Europe 2024
Ross Jones, global head of corporate payments at Barclays, will speak at Bank Automation Summit Europe 2024 about the instant payments landscape in the European Union. The summit takes place Oct. 7-8...
View ArticleClearBank’s Jonny Fry featured fireside chat at Bank Automation Summit Europe...
Jonny Fry, head of digital assets strategy at ClearBank and chief executive of TeamBlockchain, will be featured in a fireside chat at Bank Automation Summit Europe 2024 on Monday, Oct. 7, at 2:15 p.m....
View ArticlePodcast: JPM connects to French payments network Cartes Bancaires
J.P. Morgan is joining French payments network Cartes Bancaires, Mike Lozanoff, managing director and global head of merchant services at J.P. Morgan, tells Bank Automation News on this episode of “The...
View ArticleTD Bank expects to pay $2.6B for US compliance lapse
TD Bank took a provision of $2.6 billion in the third quarter as it estimates the cost of fines from its U.S.-based money laundering compliance lapses. During the Canadian bank’s Q3 earnings call,...
View ArticleFedNow nears onboarding of 1,000 financial institutions
ATLANTA — Instant payments rail FedNow is nearing the addition of its 1,000th financial institution, and the Federal Reserve credits the growing adoption to its network of fintechs that enable the...
View ArticleTransactions: BNY, CBA join for cross-border near real-time payments
BNY has joined forces with Commonwealth Bank of Australian to provide its customers with near real-time payments for cross-border transactions. By working with CBA, BNY customers can make and receive...
View Article50% of Bank of America transactions are contactless, leader says
ATLANTA — Contactless transactions saw a boost amid the pandemic and contactless payments are here to stay as adoption continues to tick up, according to Bank of America. “We look at a lot of data …...
View ArticleHow Mastercard taps AI, open banking to predict ACH payment success
Mastercard is looking to AI and open banking for transaction monitoring, data standardization, and even to predict payments success. “We are very cautious and safe in the way we use AI” throughout the...
View ArticleMarqeta innovates to expand client base
Card issuing platform Marqeta is looking to innovation in a bid to woo fintechs and businesses to diversify its revenue streams. “The environment is changing for fintech,” Todd Pollak, chief revenue...
View ArticleFIs weigh in on US open banking regulation
The Consumer Financial Protection Bureau is expected to finalize its Section 1033 regulation on open banking this fall, and financial institutions are weighing in on the standardization. As FIs give...
View ArticleInside look: Amex’s capital deployment strategy
American Express is maintaining its capital position while investing in its technology framework, marketing efforts, and merger and acquisition opportunities. “We want to invest in the business,” Anna...
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